Prices of main and precious metals on New York Commodity Exchange by July 15 trade results
/IRBIS, Alima Kopbaeva, July 16, 2008/ - Prices of main and precious metals on New York Mercantile Exchange (NYMEX) on SPOT terms according to results of trades of July 15, 2008.
------------------------------------------------------------------
Price:
Name of Unit ---------------------------- Trend
metal measure max. min. last
-------------------- ------- -------- -------- -------- -----
Main metals
------------------------------------------------------------------
copper USD/lb 3.83 3.80 3.81 +0.24
aluminum USD/lb 1.45 1.43 1.44 +0.32
zinc USD/lb 0.85 0.83 0.84 +0.27
nickel USD/lb 9.47 9.37 9.37 0
lead USD/lb 0.90 0.89 0.89 -0.25
-------------------- ------- -------- -------- -------- -----
chrome USD/lb n/а n/а 5.99 0
-------------------- ------- -------- -------- -------- -----
Ferrochrome* USD/lb n/a n/a 5.57 n/a
-------------------- ------- -------- -------- -------- -----
Ferrochrome** USD/lb n/a n/a 2.43 n/a
-------------------- ------- -------- -------- -------- -----
Charge-chrome(52%Cr) USD/lb n/a n/a 2.13 n/a
-------------------- ------- -------- -------- -------- -----
Precious metals
------------------------------------------------------------------
silver USD/oz 19.51 8.54 18.78 -0.69
gold USD/oz 989.10 967.10 969.90 -0.75
platinum USD/oz 1,960.00 1,928.50 1,944.00 -1.72
------------------------------------------------------------------
*- low-carbon strong ferrochrome
**- high-carbon strong ferrochrome
The data in the table are based on information of COMEX (Commodity Exchange of New York, a concern of NYMEX), except for prices on chrome (Hong Kong Exchange) and ferrochrome (Pittsburg storage). The data of different Internet- resources have been used to compile the table.
USD/lb means price in USD per pound of main metal, USD/oz means price in USD per troy ounce.
According to Market Markets, gold prices increased due to anxieties on conflict escalation between Iran and USA with Israel. It led to so called "escape to quality", when investors try to invest their assets in safer assets (gold is traditional asset).
[2008-07-16]